The former Fairway Market at 699 Canal St. in Stamford has been sold for $23,25,000. The buyer was the V20 group based in Darien. The seller was LoanCore Capital. The 86,000-square-foot property is located in the Harbor Point neighborhood of Stamford. The former supermarket has about 67,000 square feet on the ground floor with about 19,000 square feet on the mezzanine level.
Charter Realty served as the broker for both the seller and the buyer.
Charter Realty has also been retained by V20 to provide leasing services for the property, saying that they’re working with V20 to find a use for the space that best serves the area. Charter specializes in leasing strategies for retail properties, mixed-use developments, and national retail rollouts.
The property was reported to have been vacant since 2020. It was reported that a representative of V20 said the firm would welcome another food market to the space.
“We are very excited to be working with V20 on this project. Their portfolio has deep roots in the area, and they have proven an ability to improve properties and fill space,” said Dan Zelson, principal of Charter Realty. “There is a significant void in Stamford for several sizable uses including grocery, and this box represents one of the only places to house large retail in the city.”
The site at 699 Canal Street is located just off of I-95 and is situated just two blocks from the Stamford train station. The Harbor Point Development area currently has 4,422 multifamily units, with another 657 units under construction and 500 more planned.
By Peter Katz – Westfair Business Journal
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